Deutsche Bank AG Raises Stock Holdings in Fulton Financial Co. (NASDAQ:FULT)

Deutsche Bank AG raised its holdings in Fulton Financial Co. (NASDAQ:FULT - Free Report) by 50.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,894 shares of the bank's stock after purchasing an additional 51,670 shares during the period. Deutsche Bank AG owned 0.09% of Fulton Financial worth $2,986,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Fulton Financial by 10.3% in the 4th quarter. Blue Trust Inc. now owns 5,455 shares of the bank's stock valued at $99,000 after purchasing an additional 509 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Fulton Financial by 0.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 91,464 shares of the bank's stock valued at $1,763,000 after buying an additional 523 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Fulton Financial by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,997 shares of the bank's stock worth $366,000 after purchasing an additional 602 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Fulton Financial by 57.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,200 shares of the bank's stock worth $42,000 after purchasing an additional 800 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Fulton Financial by 1.4% in the fourth quarter. HighTower Advisors LLC now owns 63,321 shares of the bank's stock worth $1,221,000 after acquiring an additional 849 shares during the period. 72.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FULT shares. Hovde Group boosted their target price on Fulton Financial from $22.00 to $22.50 and gave the stock a "market perform" rating in a research report on Monday, January 27th. Piper Sandler lowered their price objective on shares of Fulton Financial from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of Fulton Financial from $24.00 to $21.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $20.00 price target on shares of Fulton Financial in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Fulton Financial currently has a consensus rating of "Hold" and an average target price of $20.30.

Fulton Financial Price Performance

FULT stock traded down $0.11 on Friday, hitting $17.16. 769,356 shares of the company's stock traded hands, compared to its average volume of 1,435,985. Fulton Financial Co. has a 1-year low of $14.33 and a 1-year high of $22.49. The stock has a fifty day moving average of $17.02 and a 200-day moving average of $19.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 10.93 and a beta of 0.76.

Fulton Financial (NASDAQ:FULT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The firm had revenue of $322.64 million during the quarter, compared to analysts' expectations of $315.07 million. Fulton Financial had a return on equity of 11.41% and a net margin of 15.87%. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, analysts forecast that Fulton Financial Co. will post 1.91 EPS for the current fiscal year.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.18 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $0.72 dividend on an annualized basis and a yield of 4.20%. Fulton Financial's dividend payout ratio is 42.35%.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.